Short-term impact of COVID-19 on consumption spending and its underlying mechanisms: Evidence from Singapore

Short-term impact of COVID-19 on consumption spending and its underlying mechanisms: Evidence from Singapore

We examine the short-term impact of COVID-19 on consumption spending and labor market outcomes. Using monthly panel data of individuals mainly aged 50–70 in Singapore, we find that COVID-19 reduced consumption spending and labor market outcomes immediately after its outbreak, and its negative impact...

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Bibliographic Details
Main Authors: KIM, Seonghoon, KOH, Kanghyock, ZHANG, Xuan
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2022
Subjects:
COVID-19
pandemic
consumption spending
labor market
monthly panel data
Singapore
Asian Studies
Behavioral Economics
Public Health
Online Access:https://ink.library.smu.edu.sg/soe_research/2443
https://ink.library.smu.edu.sg/context/soe_research/article/3442/viewcontent/dp13354.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/soe_research/2443
https://ink.library.smu.edu.sg/context/soe_research/article/3442/viewcontent/dp13354.pdf

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